Scope sells Skruvat to Mobivia
Scope Growth III L.P (“Scope”), together with the founders of Skruvat Reservdelar AB (“Skruvat”), has sold Skruvat to French Mobivia Groupe S.A. (“Mobivia”), the European leader in multi-brand vehicle servicing and spare parts, with brands such as Norauto, Midas, Carter-Cash, Auto 5, Synchro Diffusion and Bythjul.com, that serves over 30 million motorists in 16 countries.
Skruvat, an e-commerce company, has, since Scope’s investment in 2013, grown by more than 30% annually and strengthened its position as the market leader in the Nordic market for online automotive spare parts. Skruvat increased its profitability significantly during Scope’s holding period due to a number of executed strategic initiatives. Today Skruvat carries 450,000 articles and attracts one million visitors per month.
”Since Scope joined we have further strengthened our leadership position. With the fast development of digital services we will be able to develop Skruvat to the next level together with Mobivia.” says Peter Jakobsson, Co-founder of Skruvat.
”It has been inspiring to develop Skruvat together with Peter Jakobsson and Roberth Risberg, two very skilled pioneers and entrepreneurs. With a clear focus Peter and Robert have effectively executed a number of projects that have had very positive effects for the company. Skruvat has been a successful investment that has given Scope Growth III investors a very good return.” says Andreas Ossmark, Partner at Scope Capital Advisory AB.
Andreas Ossmark, Partner
Scope Capital Advisory AB
Phone: +46 (0)701 89 62 02
Peter Jakobsson, Co-founder
Skruvat Reservdelar AB
Phone: +46 (0) 707 57 99 75
The Scope Funds invest in Nordic growth opportunities. The objective is to generate high, risk-adjusted, financial returns in any economic environment. Investments are made in organizations with proven value added and differentiated value propositions.
As an active owner, Scope partners with managements to create companies with internationally scalable platforms that support sustainable growth. Portfolio companies are required to exhibit high growth rates and investments are typically made without, or with very moderate, financial leverage.
For more information please visit: http://www.scope.se/